- 2 trap-zones have been marked
- one is bullish, the red one, which is already marked previously.
- one is bearish, the purple box, which is plotted last night.
- The possible transition of the bullish trap-zone to bearish trap-zone is broken because both become embedded relationship, which marks the end of the confirmed DOWN wave. This might be very quick for some people. But after a UP wave, there will be another DOWN wave. Remember my previous post regarding the coming three waves.
- The up-boundary of the bullish trap-zone, namely 2012, has always been a strong resistance for 3 times so far. That's why I call the market will hit 2000 again. In just two days, the prediction is fulfilled. No magic. Just based on the trap-zone, which is also powerful for trading.
- Each time the market hits about 2010, it will come down, the first time drop to 1970, the second time drop to ~1960, the third time ????, make your best shot or let the market tell us in several days. This is the way to trade the trap-zone, if you have to trade. Sell at the up boundary, buy at the lower boundary ....
- The market motion will be limited in the trap-zone area, unless the market makes the decision to break out or break down.
- So far, the market favors a breakout and run up higher again because it already tried three times, a pretty bullish sign. But again, never guess, the market will let you know at the right moment. Then just follow it then.
The power of the trap-zone
Please refer to the chart below:
Subscribe to:
Post Comments (Atom)
It seems today NAZ will breakout 2010. -zz
ReplyDelete